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The growing penetration of the Internet of Things (IoT), Artificial Intelligence (AI) and Radio Frequency Identification (RFID) technologies to reduce human intervention and improve logistics management is currently catalyzing the global automated material handling equipment market.
The sudden outbreak of COVID-19 pandemic has led to the rising adoption of automated material handling equipment by several organizations to improve customer service, shorten delivery time, and lower overall handling costs.
Based on the component, the global automated material handling equipment market can be segmented into hardware, software, and services. Currently, hardware holds the majority of the total market share.
Based on the product, the global automated material handling equipment market has been divided into conveyors and sorting systems, automated storage and retrieval systems, robots, automated guided vehicles, and others, where automated storage and retrieval systems currently exhibit a clear dominance in the market.
Based on the function, the global automated material handling equipment market can be categorized into assembling, packaging, storage, transportation, distribution, and others. Among these, storage accounts for the majority of the global market share.
Based on the system type, the global automated material handling equipment market has been segmented into unit load and bulk load. Currently, unit load accounts for the largest market share.
Based on the end use industry, the global automated material handling equipment market can be categorized into automotive, chemicals, aviation, semiconductor and electronics, e-commerce, food and beverages, healthcare, and others. Among these, the automotive industry currently exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global automated material handling equipment market include BEUMER Group GmbH & Co. KG, Daifuku Co. Ltd., Honeywell International Inc., JBT Corporation, Kion Group AG, KNAPP AG, KUKA Aktiengesellschaft (Midea Group Co. Ltd.), Murata Machinery Ltd., TGW Logistics Group GmbH, Toyota Industries Corporation, and Viastore Systems GmbH.
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